by Jonathan Cook | Jan 24, 2024
Sterling climbed high against the euro yesterday but backtracked against a resurgent US dollar. UK public sector net borrowing fell by far more than expected last month. The widely expected result is that chancellor Jeremy Hunt will have the headroom to cut taxes in...
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by Jonathan Cook | Jan 24, 2024
The US dollar reversed its downward trend yesterday, gaining around half a per cent against the euro and the pound. US home sales were at their lowest in 30 years in 2023, according to a report in the Wall Street Journal. The increased cost of borrowing weighed on...
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by Jonathan Cook | Jan 24, 2024
The pound soared to its highest level against the euro since September yesterday, boosted by a broader rally in market confidence. Both sterling and the euro lost value to the US dollar, however, which fought back after a slow start to the week. GBP/EUR rose by around...
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by Julian Benson | Jan 23, 2024
The European Central Bank is expected to stick to the status quo tomorrow by holding interest rates at 4.5%. EUR/GBP: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Jan 23, 2024
Ahead of the ECB announcement, the pound edged up close to one-fifth of a per cent against the euro. There is a lack of high-level data releases in the UK this week, so it remains in a reactive state, depending on foreign economic data to send it higher. GBP/USD: the...
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